We know the difference between PO and Non PO invoice, but how can we identify the critical vendor invoice in SAP.

RAHUL

• Jan 9th, 2018

For PO we have a purchase order number.
For Non-PO we don't have any PO number for that.

Vikas

• Mar 6th, 2017

Critical vendors I believe are the vendors who are directly or indirectly related to Government like Tax invoices which are paid quarterly, monthly and yearly. Critical vendors in short are the vendors whose payment in delay will effect some entity.

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What is a tolerance limit with respect to invoice processing?

Sanjay yadav

• Jan 12th, 2018

Tolerance also include Tax amount mention on PO or its calculated Based on amount excluding tax and freight amount

Naresh NG

 Profile Answers by Naresh NG Questions by Naresh NG

• Jan 15th, 2010

Limit up to which small differences in an invoice are accepted by the invoice recipient without any further verification being necessary. Naresh NG

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raghunath.bhat  

 Profile Answers by raghunath.bhat Questions by raghunath.bhat

• Member Since Jul-2008 | Jul 1st, 2008

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Accounts payable process means by checking the payable invoices (purchase) and then send it to payment and lastly settlement of payment.

manohar

• Dec 22nd, 2017

Accounts Payable Means Process Start With Purchasing and End with Payment, Its should be Payment Terms As Per Purchase Order, While Process the Payment only select the Due date of the Invoices and Pro...

Mohammed Hussain

• Oct 3rd, 2017

Account payable process starts with purchasing and end with payments to vendors

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What are the scenarios where we use Sub debits/credits in AP.

Correct me if I am wrong - for Freight, if amount short paid e.t.c what are the main scenarios.
Why actually would we go for Sub

Satya Nand

• Nov 4th, 2017

Hello,

Basically the concept of Sub debit and credit apply to adjust the price difference where quantity is not included.

This can be placed only after the fist document has been keyed into the SAP.

kavita

• Jul 4th, 2017

Subsequent credit is used to show price difference. Credit is for quantity difference.

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senthy

• Oct 11th, 2017

Inter-company Settlement is a process in JDE Finance GL module which we ensure that each company net balance is equal to zero. (Debit=Credit).

xyz

• Oct 11th, 2017

XYZ Ltd US has a payable of $100,000 and has a receivable of $150,000 from XYZ Ltd India, in this case XYZ Ltd US is in a net receivable position of $50,000 from XYZ Ltd India.

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What is Vendor Account Reconciliation?

Logesh

• Aug 28th, 2017

Concept:
The VAR is a report to know the fund details which has been given to the vendor from company.
Usually the Reconciliation involved minimum two accounts. Ex, Company account and Vendor account.
Note: The Reconciliation account should ends with "0"

Seraj Ali

• Nov 28th, 2016

Matching of our companys cash book to the vendor statement. And adjustment balancing amount.

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Purchased equipment from Company, $9,000. Paid $1,500 down and the balance was placed on account. Payments will be $375.00 per month for twenty months. The first payment is due 4/1.

How would I enter this in a journal entry?

Imran Ahmad

• Aug 24th, 2017

Equipement A/C Dr 9000
To cash A/C 1500
To S.Creditor A/C 7500
(Being equipement purchased and paid rs 1500 and rest in his A/C.)

Yogeesha

• Jul 21st, 2017

When Purchase the Equipment.
Asset Account Dr 9000
To Bank A/C 1500
To Supplier A/c 7500

When making balance payment
Supplier A/c Dr 375
To Bank Account 375

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Andy Nguyen

• Jul 28th, 2017

About 750+ a week, 3000+ a month. Not include permits/taps, water, utilities bill, and tons of work like scanning, copy, mail check, and much much more.

Muhammad Abid

• Feb 1st, 2014

What are the steps you go through to check your accounting work before submitting it? Give an example of this?

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Guru

• Jul 24th, 2017

Before making payment need to check the invoice processed and approved by proper DOA correctly, Due date of the invoice if any, invoice currency processed correctly.

Alveretta Thomas

• Jul 15th, 2017

What steps should be taken after verifying the accuracy when paying for purchases?

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What are Golden Rules for Accounting?

Victor Samuel

• Jul 6th, 2017

Golden rules of accounts:
Personal A/c:
Debit the receiver
Credit the giver

Real A/c:
Debit what comes in
Credit what goes out

Nominal A/c:
Debit all expenses and losses
Credit all incomes and gains.

Chandramohanreddy

• Jun 12th, 2017

1.Personal account: The account which is starts with names and artificial concerns are called as personal account debit is the receiver credit is the giver 2.Real account account:Inflows and outfl...

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What is the difference between Finance & Accounts?

Prasad Ravulakollu

• Jun 27th, 2017

Accountancy is the locker containing historical data for decision making, where Finance is the key to unlock it.

Santosh Kumar Prusty

• Jun 21st, 2017

As per Accounting Rule, Accounting = Financing+Manage Accounts+ Manage Costing
For regularize day to day function of establishment, for Financial Manager, generate fund, accounts manager utilize fund and cost accountant regulate fund.

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Santosh Kumar Prusty

• Jun 21st, 2017

TDS = Tax Deduct at sources, It was charged by service avail-er. against service provider.

Madhuri

• Apr 4th, 2017

The person responsible for making payment of certain income to the income earn deduct income tax at the prescribed rate on such incomes before payment is made to them

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What are the sap transaction codes used in accounts payble process and how to pull reports from sap?

Rinitha

• Jun 15th, 2017

FBL1N - Vendor line items
FK03 / XK03- To Get the vendor details
ME23N- PO Details
MR8M - Reversal
MIRO - PO Invoice posting
FB60 - Non PO invoice processing
F-44 - Vendor clearing
FB03 - TO check entry at document level
FB08 - Mass reversal
ZWFM_R002 - To check CAM approval flow

Jitendra shukla

• Jan 14th, 2017

First we create a ledger for a/p in fs00 then we create account group in obd3 then define no.range in xkn1 then assign no.range for vendor acct group in obas then define vendor in xk01 then Post invoice in f-43 .

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At which stage accounting entries gets generates in AP?
Also what is Credit balance?
How is your Team helps in generating revenue to the company?

nishant tyagi

• Mar 9th, 2017

1. Inventory Receiving A/C Dr.
To Accrual/Goods Clearing
2. Accural/Goods Clearing A/c Dr
To Accounts payable
3. Accounts payable a/c Dr.
To Bank Clearing A/c
4. For Reconciliation-
Bank clearing A/c Dr.
To Bank A/c

siva

• Dec 27th, 2015

I want more information about accounting and finance

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Need to know End to End PTP activity. Starting from PO request to payment to vendors.

Megha Dave

• Mar 5th, 2017

The Procure to pay cycle involve order entry through the payment for goods and services. The PTP cycle start with:
1. Enter PO (P4310),
2. Print PO (R43500),
3. Print Receiver (R43510)
4. Enter Receipts (P4312),
5. Voucher Match (P0411),
6. Post voucher (P0011/R09801).

mayur

• Mar 8th, 2016

Procure to pay process start with the identifying the need of the department. The specific department who require the goods and services will raise the Purchase requisition and send it to procurement...

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How to clear open item balances in account payable?

Sagar Nayak

• Nov 2nd, 2016

We can clear Open Item balance in 3 ways : 1st method - fully Clearing, 2nd method - Partial Clearing, 3rd Method - Residual Clearing. According to 1st Method : Fully Clearing At the time of Purchas...

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Can anyone state the Journal entries from the starting to the last i.e in the AP process?

Sagar Nayak

• Nov 2nd, 2016

When the order made no accounting document is made When the invoice raised form vendor site : Party A/c Dr To Sales A.c Cr ...

Lakshmi priya

• May 31st, 2016

When invoice raised
Stock dr to GRNI cr
When invoice processed
GRNI dr to vendor cr
When invoice gets paid
Vendor dr to bank cr
When payment remitted in the bank
Bank dr to cash cr

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Joginder Singh

• Oct 7th, 2016

One way to do this check with vendor if they can give us refund and provide a credit memo. If the supplier agrees for refund and gives credit memo. AP team has to process a credit against expense cod...

vs

• Apr 30th, 2015

Vendor paid excess; so we refunded him back; how to adjust this in books

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Owner of the asset, Feacture Owner of the Particular Asset.

Pintal Chauhan

• Jul 23rd, 2016

Consignor means a person who deliver the goods and services to the customer and Consignee is the person who receive the goods and services from the consignor.

prudhvi

• Nov 7th, 2015

Consignor=Owner
Consginee=Customer

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Rate, Calculation, Date of monthly payment, Date of Return, Interest on late payment, Penalty on late return.

Pintal Chauhan

• Jul 25th, 2016

Service tax is a tax charge on the services provided to the customer.

Syed hussain

• Jun 27th, 2014

Service tax nothing but an which we provide service to others is service tax payable

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